"We are planning to develop the project with the support of locals," said Krishna Kumar Sherchan, promoter of the company, at a public hearing here on Friday. "Around 30 percent of the company´s shares will be issued to the public."[break]
The project, estimated to be completed by 2015, will be a stepping stone for the development of different sectors, including health and education, in the northwestern district of Nepal. "So the project will contribute to overall development of the district," Sherchan said.
Locals, too, are optimistic as the project will create jobs for them.
"Locals should be getting job opportunities during the project development phase and even after its completion," Ananda Lal Sherchan, a former chairman of district development committee, said.
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